True North Commercial REIT (TSE:TNT.UN) Shares Cross Below Fifty Day Moving Average of $8.96

True North Commercial REIT (TSE:TNT.UN) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.96 and traded as low as C$8.44. True North Commercial REIT shares last traded at C$8.51, with a volume of 55,843 shares traded.

Analyst Upgrades and Downgrades

TNT.UN has been the subject of a number of recent analyst reports. CIBC upped their price target on shares of True North Commercial REIT from C$8.05 to C$9.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. National Bankshares upped their price target on True North Commercial REIT from C$8.65 to C$8.75 and gave the stock a “sector perform” rating in a report on Monday, January 29th. Raymond James dropped their target price on shares of True North Commercial REIT from C$11.25 to C$10.00 and set a “market perform” rating on the stock in a research report on Thursday, March 21st. Finally, Canaccord Genuity Group increased their price target on shares of True North Commercial REIT from C$7.25 to C$9.00 and gave the company a “hold” rating in a report on Wednesday, December 20th.

True North Commercial REIT Trading Up 1.1 %

The firm has a market cap of C$126.07 million, a price-to-earnings ratio of -3.25 and a beta of 1.53. The company has a debt-to-equity ratio of 182.25, a quick ratio of 0.06 and a current ratio of 0.41. The company’s 50-day moving average is C$8.95 and its 200-day moving average is C$7.08.

About True North Commercial REIT

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.